Importance of Financial Statements

Financial statements are critical to the financial success of any business. Without financial statements, it’s nearly impossible to know if your business is profitable or not. When we prepare tax returns or do tax planning, we’ll ask you for a copy of your financial statements unless our accounting department is doing the accounting for you.

If you aren’t sure what a profit (loss) statement or balance sheet should look like, please feel free to use these sample financial statements.

PDF versions:

Sample Profit (Loss) Statement
Sample Balance Sheet

Microsoft Excel versions:

Sample Profit (Loss) Statement
Sample Balance Sheet

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